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Monday, 27 September 2010

Who are 'the rich'?

Watt Tyler at Burning Our Money explains how taxing 'the rich' may not be the answer to raising money fraom taxation.
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1 comment:

Anonymous said...

lets analyse it shall we:

"First, the top 10% are already paying more than their share of the taxes - 27% at the last count"

how is that too much?? im working class and i pay roughly the same amount of tax. i thought the top rate of tax had been increased to 50%? how strange that the top 10% pay the same proportion. how regressive.

"they might not take kindly to paying even more (like, they might down tools and leave"

fine. let them. starting with Ashcroft.

"And second, the gross income level that takes a household into the top 10% is around £50,000 pa, which in London and the South East at least is viewed as a middle class income"

the country doenst stop at Watford. and that statistic just goes to show how many people are effectively wage slaves, and how elitist some rich people from the south can be.

"With occupational pensions now a thing of the past (at least outside the public sector)"

And wouldnt the tories love to change that if they could get away with it!

"What's more, the second biggest chunk of wealth comprises property assets, which again, have taken a serious walloping since the ONS compiled its numbers."

yeah, im sure they can take property assets like BUILDINGS out of the country as well. brick-by-brick. we have been warned!

"But a HNWI is defined as a dollar millionaire in terms of cash and other reddies, and these days even the average punter earns more than that over his lifetime."

but quite often might not have enough to feed themselves properly, or educate their children properly. not problems the rich ever have, and a pretty effective argument for redistribution of wealth just on its own.

"No, whatever Ed may claim, robbing the idle rich could not possibly raise enough cash to protect the middle class from the squeeze"

of course, we should all be worrying protecting the middle class and not the people who are already on the poverty line...

Basically, this article can be reduced to millionaires saying "dont chase us! we are poor too guvner!" and they expect me to believe it. pull the other one.

30 September 2010 at 17:42

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